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To: Professional
"I’ve admitted that gold has merit, the ultimate way to protect your money. But it doesn’t grow.

But there are a bunch of assumptions here, one being that "money" is necessarily something other than gold? Or maybe you meant "wealth"?

If it's not "money", why do bankers have (most?) of it accumulated by the ton, buried underground in vaults? Pretty strange, wouldn't you agree? Dig it up, melt it down into bars, bury it again.

The only reason it doesn't "grow" is because the government made it illegal for Americans to hold for decades, forbade contracts payable in gold (reneging on contract law?) and the US congress to declare in so many words, that using gold coins was "against public policy" - and accused the American people of "hoarding" gold. (But the supposed 8 thousand tons at Fort Knox, that's not "hoarding"??).

With all that, I agree there isn't near enough of it to have a functioning economy. But monetary inflation robs people - good, honest, hard-working people - (lets not worry about crooks and thieves here, they seem to be getting along fine) of their savings and is ultimately a broken promise - or a default on a contract if you will.

What is the benefit of differently valued and fluctuating currencies to the great masses of people who don't sit in front of a computer moniter tracking stocks and markets, who are only trying to get through the day? How do you propose that the average person (who may be more concerned with the return OF their money rather than the return ON their money) protect themselves? My answer would be "With a 12 Gauge"; but this same government has historically tried to deny them the right of self-defense. (I'm not paranoid, just paying attention)
193 posted on 10/21/2007 4:56:16 AM PDT by Freedom4US
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To: Freedom4US; Professional
If it's not "money", why do bankers have (most?) of it accumulated by the ton, buried underground in vaults?

Great question! According to Professional, gold has no more inherent value than gravel, other than being more compact.

196 posted on 10/21/2007 6:17:39 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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